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Mortgage Lending Falls 10%

245

Comments

  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    edited 18 December 2009 at 10:48AM
    Yet Net Figures increase
    http://propertytalklive.co.uk/mortgages/2570-net-mortgage-lending-rises-p29bn-in-november
    Net mortgage lending rose by £2.9billion in November, less than in October and below the average for the previous six months, according to the British Bankers' Association (BBA)

    And approvals for new homes.
    http://imarketnews.com/?q=node/6257
    ondon (MNI) - Mortgage approvals for house purchase showed a further significant rise in November, according to the Bank of England's latest survey of lending based on UK Lending Panel data.

    The latest Trends in Lending report showed mortgage approvals rose to around 63,000 from 60,000 in October (on the same basis)

    thats the problem just going off the lending figure when rates are so low the lack of remortgaging dents the figures.
    You will not judge the market on gross lending at the moment.
  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    MatteH wrote: »
    If it's spin & selective stat's you're after, just take a look at your own signature.

    I'm really not sure how that could be considered spin, selective maybe but then I guess there's only so much you can fit in a signature.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    DaddyBear wrote: »
    Double dip here we come.

    Our survey says...... No.
    London (MNI) - Mortgage approvals for house purchase showed a further significant rise in November, according to the Bank of England's latest survey of lending based on UK Lending Panel data.

    The latest Trends in Lending report showed mortgage approvals rose to around 63,000 from 60,000 in October (on the same basis). The data come from the six major UK banking groups, and the BOE only began this data series in January this year.

    Approvals for new purchase are what drive prices. As you should be well aware from hpc, which is no doubt why you tried so hard to spin the gross lending figures.

    kq_nov2009.png


    Sorry Daddytroll, but the only double dip you'll be getting this Christmas is one of these......

    french-double-ice-cream-cone.jpg
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    Our survey says...

    top bombing Hamish!!!!

    ps. it's "Stop being beastly to Graham day" - so please control yourself today. Thanks :)
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucky wrote: »
    top bombing Hamish!!!!

    He doesn't do himself any favours, does he?

    Just paints a big target on his forehead and comes out to play.:D
    ps. it's "Stop being beastly to Graham day" - so please control yourself today. Thanks :)

    :rotfl::rotfl::rotfl::rotfl:

    I think we can all agree that Graham is a very special boy, and deserves a day of his own.

    Maybe Daddytroll will let him share his ice cream.:T
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Wow. I'm really looking forward to the falls if this is a snapshot of the type of intelligence the threads are going to show. :(
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 18 December 2009 at 12:12PM
    Graham_Devon wrote: »
    Wow. I'm really looking forward to the falls if this is a snapshot of the type of intelligence the threads are going to show. :(

    without being beastly again Mr Devon - you don't say that you disagree or even give a suitable argument to Hamish's post?
  • new_home_owner_3
    new_home_owner_3 Posts: 1,191 Forumite
    Graham_Devon wrote: »
    Wow. I'm really looking forward to the falls if this is a snapshot of the type of intelligence the threads are going to show. :(

    i agree with you graham this time next year houses will have dropped 80 percent:rolleyes:
    , i dont know about a double dip i think were on the big dipper........:eek:
  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    chucky and Hamish just kept the level of intelligence at the same level the thread started at ;)
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 18 December 2009 at 11:54AM
    Joeskeppi wrote: »
    chucky and Hamish just kept the level of intelligence at the same level the thread started at ;)

    too right - there's no point in raising the bar too much, it would just complicate things too much for those simple minds... ;)
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